October 2013

Asheville/Buncombe County Market Update

As you can see below, Price ranges up to $300,000 are at or near market balance between buyers and sellers! It has been a while since we have said that. You will also notice that home values have been improving over the last year with a 12% improvement in Buncombe County and a 3.4% improvement region wide. We should continue to see a modest improvement over the next 12 months being led by Buncombe County.

MOI oct 1 13

avg med price Oct 13

Res unit sales Oct 13

Homes sold report Oct 13

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Haywood County Market Update

Haywood County is suffering from high inventory, which is keeping the buyers market strong. Around 70% of sales are under $200,000 which is reducing the inventory below $200k.

Haywood MOI Oct 13

Avg Med Price Oct 13

Haywood - Res Unit Sales Oct 13

Haywood - Homes SOld Oct 13

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Henderson County Market Update

Homes priced under $200,000 are seeing market balance for the first time in many years. There is still a glut of inventory over $300,000 but you have seen an 11% quarter over quarter reduction in homes for sale.

Hendo MOI Oct 13

Avg Med price Oct 13

Res Unit Sales Oct 13

Homes SOld Report Oct 13


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Madison County Market Update

Madison County is seeing some of the most price reductions in our region due to the high amounts of inventory. Buyer activity has increased 16% year over year but that is not enough to bring down inventory in all price points.

Madison MOI Oct 13

Avg Med Price Oct 13

Res Unit Sales Oct 13


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What’s SUP French Broad?


If you’ve lived in Asheville for any length of time chances are you’ve been down the French Broad River in a raft, canoe, kayak or tube.  Now, thanks to Asheville Adventure Rentals you can now add a bit more challenge, and a light workout, to the trip by renting a stand-up paddle board, or SUP for short.

Located right by the river, just north of downtown, it’s easy to swing by and rent a board to take to one of the access points, or you can use their shuttle service to conveniently remove the loading and driving for you.  Recently we rented a few boards, put in at the Hominy Creek River Park and paddled back to AAR.  With the water higher than normal due to steady rain the day before, the trip took an hour-and-a-half, even with a north wind.

Over the years we’ve paddled the river downstream from the airport, but for riding a SUP Hominy Creek to AAR is the perfect section.  Even with low water the six-mile trip can easily be done in two hours, an ideal length to get the hang of paddle boarding, but not so long that you are worn out.  If you do get tired and need to bail there are plenty of spots in the River Arts District to pull out and call AAR to pick you up.

The other nice element of this stretch is it gives off a unique urban vibe.  Other sections of the river wind through fields or the Biltmore Estate, but we really enjoyed the feeling of natural adventure inside the city limits.  And, it offers a few tame wave trains and ripples to test your balance and get your heart rate up.

Check the wind direction – a strong northernly wind combined with low river levels can make for a long day
Wear river shoes – Tevas, Chacos, Keen’s etc. provide good traction on the board and protect feet should you get wet
Carry a phone – use a good waterproof bag and take your phone in the event of trouble
Apres-SUP – stop by the Bywater after your trip for a local brew and grub from the food trucks

Asheville Adventure Rentals
704 Riverside Dr
Asheville, NC 28801
(828) 505-7371

RiverLink’s French Broad Guide:

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Just Listed! Downtown Asheville Condo


21 battery park

Just Listed! beautiful Condo in Downtown Asheville. 21 Battery Park Unit 408. MLS 549057. $409,000. Comes with parking and storage. Let us know if you know anyone who might be interested!

Eastern & Southern Light filled condo that has been recently updated with Porcelain tile in master suite, sunroom, laundry and bathrooms. Master suite has added pocket doors and glass block. Upgrades include powder room vessel sink separate from main bath, oversized kitchen sink, new lighting and abundant moldings. Condo comes with dedicated parking space, a storage room, roof terrace with amazing views, and a work-out room.

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What New Home Size Data Tells Us About the State of Housing

By www.usnews.com

Economists, analysts, and homeowners have access to a lot of data about the state of the nation’s housing markets. Beyond the usual statistics on sales, builder confidence and prices, we can also learn about the status of the sector by examining the kinds of homes being constructed.

One such measure is the average size of newly built single-family homes. Reported in the Census Bureau’s Quarterly Starts and Completion by Purpose and Design, the data for the second quarter of 2013 indicate that the average size of a new single-family home was just under 2,600 square feet, as measured on a one-year moving average. At this level, the typical size of newly built homes is larger than the previous peak of just over 2,500 square feet set at the start of 2008. Read More.

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